Tata Coffee

                                                                 Tata coffee daily chart (click on chart to zoom)

 Tata coffee is trading range bound since last one year. Range in which it is trading is narrowing forming wedge pattern. Stock should breakout or breakdown from this wedge pattern but stock is holding well above its important key moving averages  and forming rounding bottoms on daily chart suggests stock is about to breakout from current level.
Traders can buy this stock for short term target of 920.
Stop loss at 835 recommended.
CMP on 27 apr 12 - 858

Pantaloon Retail

                                                      Pantaloon Retail weekly chart (click on chart to zoom)

 Pantaloon on weekly chart has formed a narrowing triangle pattern and waiting for breakout.
As shown in weekly chart stock made its 52 week low in December 2011. Stocks is also trading above its 20 weekly moving average. Since the month of december 11 there is sudden increase in volume indicating smart money moving in the stock and change in shares from weak hands to strong hands.
all this indicating upmove in coming weeks.
Stock can be bought for short term target of 220 and medium term target of 250.
Stop loss at 150 recommended.

Canara Bank

                                                                             Canara Bank daily chart (click on chart to zoom)

 Canara Bank on daily chart is making higher highs and trading in upward trading channel. As per chart stock is holding itself above 20 DMA since last 3 trading sessions and trading well above 100 and 200 DMAs.
Stock can  be bought for short term target of 490.
Stop loss at 460 recommended.
CMP - 472

Mahindra & Mahindra

                                                  M&M daily chart (clickon chart to zoom)

 M&M on daily chart managed to close above its 100 DMA on friday. It also broke out from falling triangle it made on daily chart with higher volume. Its bullish trend can be confirmed by bullish crossover given by Stochastic.  Stock can be bought at CMP for short term target of 760 and medium term target of 810.
stop loss at 710 recommended.
CMP - 726.

Divi's Labs

                                                                      Divi's Labs daily chart (click on chart to zoom)


Divi's labs has given breakout from Cup and Handle chart pattern and now trading near its 52 week high. It is looking tired at higher level  and after consolidation for few trading sessions we  think this bullish trend should take stock to newer high. However direction changes from bullish to bearish if stock trades below trend line shown in chart.
 Traders can buy stock at CMP and every dips above the trendline for medium term target of 900.
Stop loss at 810 recommended.
CMP on friday was - 833

Hindalco Ltd

                                                     Hindalco daily chart (click on chart to zoom)

 On daily chart Hindalco is looking oversold. It is also trading above trendline. Stock today bounced from the small hammer it made yesterday. Next resistance is now 20 DMA but looking at its oversold level it should cross it and touch 138 in short term. Stop loss at 123 recommended on all long positions.
CMP - 128.

FDC Ltd

                                                                   FDC Ltd daily chart (click on chart to zoom)

 Stock was in downtrend since last one year but since november it is trading sideways forming base at 76.
Today stock managed to close above its 100 DMA and already trading well above its 20 and 50 DMAs.
Above argument is enough to state that stock has changed its trend from bearish to bullish but bullish trend will confirmed above 200 DMA and trendline as shown in figure.
Due to baseline stock should bounce back in short term to 90.
Stop loss at 78 recommended.
CMP - 81.05

PTC India Ltd

                                                                         PTC daily chart (click on chart to zoom)

 PTC in daily chart has formed a Cup and Handle chart pattern. Stock is likely to break this pattern upside, this argument is also confirmed by the was it managed to keep itself above all its key moving averages. Stock was in downtrend for long time and now trying hard to keep itself above 200 DMA which is at 62. Traders can buy the stock at CMP (64) for target of 75 in short term and 90-100 in medium to long term.
Stop loss at 60 recommended.
CMP - 64 

Aurobindo Pharma

                                                              Aurobindo Pharma daily chart (click on chart to zoom)

 Today stock broke out from wedge pattern . It was consolidating for last two months and finally to broke out with huge volume. Stock is also trading above its key moving averages like 20,50,100 and 200. Traders can buy the stock with short term target of 150. Stop loss at 120 is recommended.
CMP - 126.5

JSW Steel Ltd

                                                                    JSW Steel daily chart (click on chart to zoom)

 JSW steel has given breakout from falling triangle and also trading above 20,100 and 200 DMAs but below 50 DMA. In friday's blood bath it managed to hold the gains it made with higher volume than average daily volume and closed in green. RSI (Relative Strength Index) has given bullish crossover.
Traders can buy the stock with short term target of 780 and stop loss at 722.
CMP on friday was - 739.85

Glenmark

                                                      Glenmark daily chart (click on chart to zoom)

 Glenmark after consolidation has given breakout from narrowing triangle pattern. This upside is going to continue for some more trading sessions and glenmark should touch 340 in short term. Stock was also trading below 200 DMA which it crossed today and managed to close above it with higher volume than average daily volume.
Traders can buy stock with target of 340 and stop loss at 310.
CMP - 320.85

Noida Toll Bridge

                                                            Noida toll bridge daily chart (click on chart to zoom)

 Trading well above its key moving averages like 20,50,100 and 200 and forming SAUCER like chart structure indicating bottom line fishing by smart players. Traders can buy the stock at current market price (CMP) with target of 27 with stop loss at 22.
CMP on 11/4/12 was - 24.05

Sesa Goa

                                                                     Sesa Goa daily chart (click on chart to zoom)

 Sesa goa on daily chart has broken its important support at 186 and making lower lows indicating bearish chart pattern. Stock is also trading below its important key moving averages.
Traders can short the stock with target of 174 and stop loss at 186.5.
CMP - 183

Indraprastha Gas Ltd

                                                                               IGL daliy chart (click on chart to zoom)

 In bearish trend, making lower lows on daily chart and trading below downward trend line, on 2nd apr stock could not cross the trend line and reversed from there for the 3rd time.
Formation of rising wedge pattern and inverted flag pattern confirms the downtrend.
Stock is trading well below its key averages like 20, 50 ,100 and 200.
Traders can sell the stock with stop loss at 357 and target of 280.
CMP on 9th apr 12 - 346.65.

ACC Ltd

                                                                ACC daily chart (click on chart to zoom)

 Trading in rising wedge pattern and below its important key daily moving averages viz. 20 and 50.
Stochastic has also given bearish crossover. Traders can sell stock with target of 1270.
These are all signals of formation of bearish chart pattern. Stock should go down to touch 1270 in short term, however stop loss at 1340 is recommended on short position.
CMP - 1312

Gujarat Sidhee Cement Ltd.

                                                     Gujsidhee cement daily chart (click on chart to zoom)

 Gujsidhee on daily chart has formed a falling wedge pattern which is bullish sign. Stock has given breakout from the wedge on 2nd apr confirming a bullish sign. High risk traders can buy this stock at CMP with target of 10.5 and stop loss at 8.
This is being a penny stock, traders should keep strict stop loss on their positions.
CMP - 9.1

HDIL

                                                       HDIL daily chart (click on chart to zoom)

 On daily chart Stock has taken a support from 100 DMA, also it formed hammer candlestick on thursday 29th march which is bullish sign but stock is still trading below its key moving averages like 20, 50 and 200 DMAs. High risk traders can buy this stock at CMP with target at 97 and strict stop loss at 80.
CMP on friday 30 march 2012 was 85.65.